Morgan Stanley - Deutsche Bank has downgraded the stock to "hold" from "buy," while cutting its price target to $22 from $28. It says the current regulatory and economic environment will be headwinds for Morgan Stanley's bottom line growth.
AK Steel - The steelmaker is forecasting a first quarter loss of 11 to 15 cents per share because of declining steel shipments. Analysts had been expecting a profit of 2 cents per share. The company does say it expects to see improvement in the second quarter.
Pitney Bowes - Moody's has placed the company's debt rating on review for possible downgrade. Pitney Bowes is currently rated A2 — five notches above junk — but Moody's says the continuing deterioration of the mail and document services business is cause for concern. It adds that any downgrade would likely be by more than one notch.
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